Presentation on theme: "CONGRATULATIONS ON PASSING THE NOTARY EXAMINATION."— Presentation transcript:
CONGRATULATIONS ON PASSING THE NOTARY EXAMINATION
In order to be commissioned as a NOTARY PUBLIC by the Louisiana Secretary of State you must provide the following documents…
Errors and Omissions Policy in the amount of $10,000 OR Notary Surety Bond in the amount of $10,000 & Oath of Office form
SURETY BONDS 101 WHAT IS THE DIFFERENCE BETWEEN THESE TWO COVERAGES?
ERRORS OMMISSIONS INSURANCE Protects you from lawsuits resulting from unintentional mistakes WE CAN PROVIDE THIS COVERAGE TO YOU You can be personally liable to pay damages as a result of unintentional negligence. If you make a mistake or do not perform the duties required by law, you run the risk of causing financial losses to your signers. E&O insurance is professional liability coverage that protects your personal and professional assets in the event that a signer holds you responsible for a service you provided, or failed to provide, that did not have the expected or promised results. E&O policies cover judgments, settlements and defense costs. There are no deductibles and no repayment of claims up to the coverage limit you select.
The State of Louisiana requires a minimum bond of $10,000.00, however in order to fully protect yourself, you should consider a higher amount. Here is a rate schedule for the 5 year term: Bond AmountPremium $10,000.00$110.00 $15,000.00$132.00 $25,000.00$165.00 $30,000.00$200.00 $35,000.00$235.00 $50,000.00$330.00 $100,000.00$660.00
Notary Surety Bonds Protects the Public from Notary Misconduct A Notary bond protects the public financially from the possibility of that Notary's future negligent mistakes or intentional misconduct. Up to the dollar amount of the bond, the state-licensed surety will reimburse any person financially harmed by the Notary's improper actions, if the Notary is unable to do so. However, the Notary is then required by law to pay back the surety any funds it pays out on his or her behalf.
OATH OF OFFICE This form must be executed and signed by the newly commissioned notary and notarized by a licensed notary. We can provide this notarial service for you at a $20.00 fee. http://www.sos.la.gov/NotaryAndCertifications/FileNotaryDocuments/WhatDoIF ile/Pages/default.aspx
JOIN THE LOUISIANA NOTARY ASSOCIATION THE LOUISIANA NOTARY ASSOCIATION IS LOCATED IN THE AJOINING BUILDING TO US AT: 2151 Quail Run Dr., Suite B, Baton Rouge, LA MAKE US YOUR “ONE STOP SHOPPING” FOR ALL YOUR NOTARY LICENSING NEEDS!!
We can provide you with the Errors & Omission insurance or bonds as well as notarial work. If you have any questions or if we can assist you in any way, please contact us directly. R. A. Brunson, Inc. P.O. Box 14267 (2151 Quail Run Dr., Suite A) Baton Rouge, LA 70898 Ph: (225) 927-2282 / Fax: (225) 927-2331 Email: email@example.com@rabrunson.com